Origin Bancorp, Inc.

Good day, and welcome to the OriginBank Corp, Inc. third quarter earnings conference call. Today, all participants will be in a listen-only mode. Should you need assistance during today's call, please signal for a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please note that today's event is being recorded. At this time, I would like to turn the conference over to Chris Riegelman, head of investor relations. Please go ahead.

Good morning, and thank you for joining us today. We issued our earnings press release yesterday afternoon, a copy of which is available on our website, along with a slide presentation that we will refer to during this presentation. Please refer to slide two of our slide presentation, which includes our safe harbor statements regarding forward-looking statements and use of non-GAAP financial measures. For those joining by phone, please note the slide presentation is available on our website at www.origin.bank. Please also note that our Safe Harbor statements are available on page six of our earnings release filed with the SEC yesterday. All comments made during today's call are subject to the Safe Harbor statements in our slide presentation and earnings release. I'm joined this morning by Origin Bank Corp's Chairman, President, and CEO, Drake Mills, Chief Financial Officer, Steve Brawley, President and CEO of Origin Bank, Lance Hall, Chief Risk Officer, Jim Crotwell, and Chief Credit and Banking Officer Preston Moore. After the presentation, we'll be happy to address any questions you may have. Now, the call is yours, Drake.

Thank you, Chris, and good morning. Throughout Texas, Louisiana, and Mississippi, the economic outlook continues to be positive, and our bankers are highly engaged with our customers and prospects in driving growth for our company. I'm very pleased with our performance for the quarter and how we are positioned as we move forward. The alluded earnings per share was $1.14 for the quarter, with net income over $26.9 million. Net interest income was $52.5 million, and non-interest income was $15.9 million. Our non-interest expense was $39.2 million, and our efficiency ratio was 57.2%. We released credit reserves of $3.9 million for the quarter. You know, I'm proud of the growth we showed in our loan portfolio this quarter, with over 9% annualized growth, excluding PPP and mortgage warehouses. Our focus on core deposit relationships has continued to be evident as non-interest-bearing deposits grew 6.4% in the third quarter. We will get deeper into the numbers, but I want to spend a little time talking about strategy and the long-term value we're creating as a company. As I reflect on where we are strategically, I am extremely pleased with the performance of our company and the key areas that our team has remained focused on over the past year. Organic growth has been one of our key areas of focus, and this has been evident in our Texas markets. As we show on our slide deck each quarter, our Texas market continues to mature, and we're experiencing positive operating leverage in two of the largest, fastest-growing areas in the country. Our expansion strategy in DFW and Houston and the success we've enjoyed with liftouts creates tremendous opportunity to continue strong organic growth. Another key area of focus for us, particularly coming out of the pandemic, has been credit quality. As we'll get into later in the presentation, our credit profile continues to strengthen. We have been purposeful in our efforts surrounding client selection and maintained our focus on knowing our customers and expanding key relationships. Coupled with strong risk management, the profile of our company puts us in a strong position to take advantage of opportunities. Efficient growth has been a focal point of our organization. Our strategy to be an elite financial performer drives us as we continue to create efficiency, invest in technology, and use data to drive strategic decisions. I am very proud of our company and the results for this quarter. Now I'll turn it over to Lance.